Global Measurement and Control Systems for Automated Cold Storage Warehouses Market 2017-2021
About Measurement and Control Systems for Automated Cold Storage Warehouses
Measurement and control devices are used in cold storage warehouses to automate the functions within the storage facility. They help in controlling and regulating the temperature within storage facilities. In this report, we have only considered the cold storage facilities for the food and beverage and pharmaceutical industries. Automation in food processing and transportation applications along with material handling and conveyor systems are excluded from the market scope.
Technavio’s analysts forecast the global measurement and control systems for automated cold storage warehouses market to grow at a CAGR of 7.21% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global measurement and control systems for automated cold storage warehouses market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Measurement and Control Systems for Automated Cold Storage Warehouses Market 2017-2021
Technavio recognizes the following companies as the key players in the global measurement and control systems for automated cold storage warehouses market: Airtech International, Danfoss, Johnson Controls, Swisslog, and Thermo Fisher Scientific.
Other Prominent Vendors in the market are: ABB, Dematic, Emerson, Honeywell, Schneider Electric, Siemens, SSI SCHAEFER, Storage Control, and Watlow.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is preference toward third-party logistics and warehouse providers. Many end-users prefer to outsource their storage functions to third-party service providers, as the cost of setting up an automated cold storage warehouse is high and handling operational functions of these warehouses is difficult. Some third-party service providers allow end-users to lease a warehouse according to the requirement.”
According to the report, one driver in the market is growth in the E-commerce and organized retail industry. The number of cold storage warehouses around the world is expected to increase, mainly due to the growth in the organized retail and E-commerce industry. Retailers and E-commerce players in the market are investing in cold storage facilities to overcome their distribution bottleneck by delivering the products on time without compromising the quality, as the majority of the goods are perishable. These retailers and E-commerce players need to have an efficient storage facility in a location close to the customer base for efficient delivery.
Further, the report states that one challenge in the market is high implementation cost. Most end-user companies require large cold storage warehouses. The implementation of automation solutions in such warehouses is expensive. The number of hardware components required to control and monitor the functions of each storage unit is time-consuming and increases the overall cost. In addition, upgrading existing cold storage warehouses impacts the operations of the entire facility negatively.
Airtech International, Danfoss, Johnson Controls, Swisslog, Thermo Fisher Scientific, ABB, Dematic, Emerson, Honeywell, Schneider Electric, Siemens, SSI SCHAEFER, Storage Control, and Watlow.
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